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About MikeRichardson

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  1. Why should HCTRA have any business making investments when they themselves owe over $2 billion on bonds. These are investments specifically allocated to HCTRA. HCTRA would not need to issue so much debt if they weren't buying debt from freaking New York and New Jersey! That in and of it's self is a form of manipulation - so that the debt service is never paid off. It's also why HCTRA is so aggressive about pursuing new toll roads that nobody even asked for. There's dozens of projects that HCTRA has attempted to start or get it's hands into, fortunately most of these have failed. The difference between driving on a state toll road vs a HCTRA road, is that you are not supporting the HCTRA entity, which I am no big fan of.
  2. I prefer the state highway "Beltway 8" (aka the feeder) on the weekend when I go to visit my mom. Using the toll road would cost me $9 every weekend and would not save that much time. This only works if I don't have to wait more than one cycle at any light, though. I work from home though, don't have to commute for that. I don't understand the people who do not have toll tags who use the toll road. You lose all the time savings waiting in that line to pay the toll. You would save time and money just sticking to the free state highway right next to the toll road.
  3. Every HCTRA financial statement going back as far as I have found, contains a variation of the following statement: It is important to note that it does NOT say that the roads will be made free. However, I would rather drive on a state toll road than a HCTRA toll road. I think it's also extremely obvious that HCTRA has been manipulating their financials to ensure that the debt service is NEVER paid off. HCTRA has over $1 billion in "Total Cash & Investments". They even have investments made in school faclities in Arizona, a water authority in Georgia, $15 million in the Port Authority of New York and New Jersey! Why is HCTRA not using this massive war chest to pay off their bonds instead? It also pisses me off that they continue to deny having printed the above pamphlet and even deny the statement in their own financial documents. I am currently looking for a high quality scan of the pamphlet. I am also curious as to what TV news may have reported back in the 80's. Source: https://hctra.co/financials/ (HCTRA has removed older financial reports, I have made them available again at hctra.co).
  4. https://capitol.texas.gov/tlodocs/86R/billtext/pdf/HB00436I.pdf#navpanes=0 (also attached to the thread) News coverage: http://www.fox4news.com/news/north-texas-lawmaker-introduces-bill-to-end-tolls-on-toll-roads-after-they-are-paid-off https://cbsaustin.com/news/local/a-new-bill-could-make-toll-roads-free-in-texas https://abc13.com/politics/is-this-the-end-of-toll-roads-in-texas/5152215/ First question: Does this even apply to the "authorities" - HCTRA, MCTRA, et. al? Or just the State Toll Roads? How would they manage to unwind HCTRA's incredibly convoluted accounting (merging all the roads into a "pooled project" at a county commissioners meeting that took place only a week after 9/11). HB00436I.pdf
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